Bullets price reasonable: Loeliger
Bullets were nearly sold this off season but talks fell through.
"NBL CEO Jeremy Loeliger says the $5 million-plus price tag on the Brisbane Bullets is not too high despite the club being on the market for more than six months.
NBL owner Larry Kestelman said in April the Bullets were up for sale for $5-10 million.
Loeliger said the NBL went "very, very close" to selling the Bullets to one consortium during the off-season but talks “lost steam'’.
“The Bullets is a slightly smaller market than Melbourne but it’s got great brand equity. When you break it down ... by global standards it’s not a high asking price at all,’’ he said.
“It’s still on the market and there’s some pretty viable conversations taking place at the moment.